VISIONARY FIBER TECHNOLOGIES, Inc.

Agreement 0004896, filed with the Texas Comptroller by Caldwell County, Texas.

50%of Property Taxes abated

The obligation

What the contract requires.

“at least 70 (FTE) employees by the end of the Sth year of this agreement”Executed agreement, p. 4

The remedy

Future payments stop.

“If the County elects to withhold Compliance Payments, the County will resume Compliance Payments for any subsequent years during the Term in which VFT is in compliance; however, any Compliance Payments withheld by the County for any years during which VFT is not in compliance shall be deemed forfeited by VFT and the County shall at no time be liable for later payment of such Compliance Payments.”Executed agreement, p. 13

This clause stops money not yet paid. It does not require what has already been received to be returned.

Where a deadline above has passed, no public record exists of whether it was met — not in the Comptroller’s filings, nor in the local government’s own disclosures. That is not evidence of non-compliance. Texas requires nobody to record it.

Abatement schedule · Property Taxes · p. 28

What was abated, and for how long.

50%Year 1

50%Year 2

50%Year 3

50%Year 4

50%Year 5

50%Year 6

50%Year 7

50%Year 8

50%Year 9

50%Year 10

A local abatement waives only that taxing unit’s share of the property tax bill. School districts, counties, cities and hospital districts each sign separately.

Every field, as the contract states it

The record.

Field	Value & quoted source	Page
Granting body	Caldwell County, TexasCaldwell County, Texas, a political subdivision of the State of Texas (the County”)	1
Contracting entity	VISIONARY FIBER TECHNOLOGIES, Inc.VISIONARY FIBER TECHNOLOGIES, Inc., a Delaware Corporation (“VFT”)	1
Parent / guarantor	Not stated in the agreement	—
Instrument	Economic Development Incentive AgreementThis Chapter 381 Economic Development Incentive Agreement	1
Governing chapter	Chapter 381, Local Government Code<<<PAGE 1>>> CHAPTER 381 ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT This Chapter 381 Economic Development Incentive Agreement (the Agreement’) is entered into between Caldwell County, Texas, a political subdivision of the State of Texas (the County”), and VISIONARY FIBER TECHNOLOGIES, Inc., a Delaware Corporation (“VFT”).	—
Capital investment	Not stated in the agreement	—
Grant or incentive	Not stated in the agreement	—
Jobs committed	70 recital language, not a covenantat least 70 (FTE) employees by the end of the Sth year of this agreement	4
Wage requirement	$75,000average annual salary of at least $ $75,000	3
Square footage	30,150 SFBUILDING 30,150 SF with approximately	25
Acreage	5.528 AcresLAND 5,528 Acres	25
Performance deadline	Not stated in the agreement	—
Expiration	Not stated in the agreement	—
Effective date	Not stated in the agreement	—
Signatory	John KinzerJohn Kinzer, President/Chief Executive Officer	20
Chain status	Superseded by agreement 0007047	—

How to check this page

Every line above is in the contract.

Agreement 0004896 is filed with the Texas Comptroller. Pull the PDF, go to the page number beside any row, and read the sentence. If a figure here does not match the document, tell me and it is corrected the same day.

Where the contract says nothing, the field is left empty rather than filled with a guess.

One of 1,645

Which of these are on your book?

This is a single agreement. I have read 1,645 of the 4,428 Texas has filed, resolved which have been superseded, and recorded what each commits a company to.

Send me an entity and a county and I will tell you what is on it — quoted, page-cited, checked. Free for the first one.

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